Graph the following production possibilities data for the United States and India. Identify their respective comparative advantages. Graph the trading-possibilities curve of each country if the terms of trade are 1 oil can be exchanged for 1¼ steel.
$$\begin{array} { | l | l | l | l | }
\hline \text { U.S } && \text { India } \
\hline \text { Cotton } & \text { Steel } & \text { Cotton } & \text { Steel } \
\hline 0 & 18 & 0 & 3 \
\hline 3 & 12 & 2 & 2 \
\hline 9 & 6 & 4 & 1 \
\hline 12 & 0 & 6 & 0 \
\hline
\end{array}$$

Question

Graph the following production possibilities data for the United States and India. Identify their respective comparative advantages. Graph the trading-possibilities curve of each country if the terms of trade are 1 oil can be exchanged for 1¼ steel.
 $$\begin{array} { | l | l | l | l | } 
\hline \text { U.S } && \text { India } \
\hline \text { Cotton } & \text { Steel } & \text { Cotton } & \text { Steel } \
\hline 0 & 18 & 0 & 3 \
\hline 3 & 12 & 2 & 2 \
\hline 9 & 6 & 4 & 1 \
\hline 12 & 0 & 6 & 0 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Graph the following production possibilities data for the United States and India. Identify their respective comparative advantages. Graph the trading-possibilities curve of each country if the terms of trade are 1 oil can be exchanged for 1¼ steel.
 $$\begin{array} { | l | l | l | l | } 
\hline \text { U.S } && \text { India } \
\hline \text { Cotton } & \text { Steel } & \text { Cotton } & \text { Steel } \
\hline 0 & 18 & 0 & 3 \
\hline 3 & 12 & 2 & 2 \
\hline 9 & 6 & 4 & 1 \
\hline 12 & 0 & 6 & 0 \
\hline
\end{array}$$

Graph the Following Production Possibilities Data for the United States